Fears Persist in Hong Kong
Despite Approval of Port

HONG KONG -- The long-awaited approval of new port facilities here, announced on Thursday, hasn't erased worries that politics will hurt this territory's economy.

Beijing and London formally endorsed an agreement for Hong Kong businesses to build a container terminal, ending almost four years of political wrangling on the issue. Hong Kong's British-led government had originally awarded a contract to build the terminal in November...